India’s crypto regulations don’t recognize the full scope of web3, say experts

Regulators in India are mostly talking about cryptocurrencies and NFTs, but a lot more has to be done. Countries like the US, UK, Canada have tweaked existing laws to accommodate crypto and web3. Web3 founders in the country are already leaving India. Despite being in the works for over two years, India’s crypto regulations are barely scratching the surface for what the third generation of the Internet, or web3, will need. According to experts, India’s regulators should follow global examples set by countries like the US and the European Union…

Stargate Finance attracts $1.9B in six days

Stargate Finance, a cross-chain protocol designed to assist users in transferring assets between different blockchains, has accrued over $1.9 billion in total value locked (TVL) in less than a week after launching. Stargate markets itself as a liquidity transport protocol that allows users to transact native assets cross-chain, offering decentralized finance (DeFi) users the option of staking stablecoins in pools where they are paid out in the native Stargate token (STG). The rapidly growing TVL is probably down to the “up to 26% APY” being offered farming stablecoin deposits. By…

Mayweather returns to crypto ring after legal KO… Reef gets NFTs

Legendary boxing champion Floyd Mayweather is taking another jab at the crypto space by launching a new NFT and Metaverse project called the Mayweverse. The nonfungible tokens (NFT) will feature the likeness of Mayweather himself and provide various utilities and prizes for holders depending on the rarity of the item. Little more is known about the project at the time of writing other than that the Metaverse will contain a boxing gym. After many months of hard workI’m launching my new NFT Project @mayweverse⁰The collection will have 5,000 NFTs (5…

SEC scores a minor victory in legal dispute with Ripple Labs

The U.S. Securities and Exchange Commision (SEC) has been granted an extension to submit a discovery schedule relating to individual defendants Brad Garlinghouse (CEO) and Chris Larsen (co-founder) as part of the case against Ripple Labs. The bitter legal dispute has been going since late December 2020, after the SEC alleged that Ripple Labs generated $1.3 billion from an unregistered security offering via its XRP token. The firm denies that XRP is a security and is instead a method for international payments, and has argued that the SEC failed to…

Ethereum Reclaims $3K, Technicals Suggest More Upsides

Ethereum is moving higher above $3,000 against the US Dollar. ETH price could gain pace if there is a clear move above the $3,080 resistance. Ethereum remained well supported near the $2,900 support zone. The price is now trading above $2,920 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,985 on the hourly chart of ETH/USD (data feed via Kraken). The pair is consolidating near $3,000 and might extend rally in the near term. Ethereum Price Eyes More Gains Ethereum…

Crypto trading in rubles falls even as ECB warns again on sanctions

The President of the European Central Bank, Christine Lagarde has reiterated warnings that Russian individuals and businesses are using cryptocurrencies to skirt sanctions. However, as of March 18, daily ruble-denominated crypto trading volume was sitting at just $7.4 million, down over 50% from recent figures and a peak of $70 million on March 7, according to data from Chainalysis. This amount represents a tiny slither of the total global crypto market volume, with Bitcoin’s total daily volume generally fluctuating between $20 billion and $40 billion. In a presentation at the…

Ankr Offers Developers Unlimited Access To Web3

San Francisco, California, March 23, 2022 (GLOBE NEWSWIRE) — Ankr, the decentralized web3 infrastructure provider that is bridging the gap between Web2 and Web3, is currently offering dapp developers unlimited Web3 infrastructure for just $750. This limited promotion will only last until April 15th before prices go back to normal. Through the annual premium plan, developers can access unlimited blockchain requests on more than eleven blockchain networks instantly with unmatched pricing. The Ankr Premium Plan can be purchased for just 10,000 ANKR tokens, an amount that is currently worth around…

Bitcoin Revisits Breakout Zone, Can Bulls Make It?

Bitcoin started a fresh increase above the $42,500 resistance against the US Dollar. BTC may soon attempt an upside break above the $43,500 resistance zone. Bitcoin remained supported near $42,000 and started a fresh increase. The price is trading above $42,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $42,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate higher if there is a clear move above the $43,300 resistance zone. Bitcoin Price…

Bitcoin Is Far More Than a New Form of Money

The myriad decentralized applications will make up the fourth layer within Bitcoin’s multi-layered financial order. Token swaps, leveraged trading, collateralized lending, uncollateralized lending and more are all emerging as a feature on top of Bitcoin. Depending on what infrastructure setup users prefer – be it RSK, Liquid, Mintlayer, or any other that has yet to emerge – they can choose freely. Author: Pascal Hügli Source link